Hello traders welcome back to a new trading day. So yesterday was not good for the markets in the US and Euro zones, as they all closed in the red. Today there is no high impact data today. This will be a all technical trading day. As we have completed with the charts we must be patient today traders ……OK so let us take a look at the currency pair GBPUSD- This is the 30 Minute chart. I see we are bearish on this chart, so I looked at the daily and see it is bearish. I have placed the Fibonacci tool on the chart and am looking for a pullback to the 38.2 price level at 1.5183. I am looking to take profit at support at price zone of 1.5154. This is only a 30 pip trade so you have to watch this could bring more pips ride the trade out for more profit.
Have a great trading day and talk soon….William